Short-term rental in Beech Mountain, NC
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $550,000
Cash invested: $110,000
Short-term rental with long range mountain views.
What made you interested in investing in this type of deal?
I'm a short-term rental invenstor and real estate agent. This was a great deal that has done very well as a vacation rental.
How did you finance this deal?
Traditional investment loan with 20% down.
How did you add value to the deal?
Some light construction improvements, new appliances, opened up the long range views.
What was the outcome?
Still own it. Cash flowing. Large increase in appreciation.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Dealt directly with the seller off market.
- Keith Dowdy